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2017-02-07

INTERIM REPORT Q4 AND YEAR-END 2016: SOLID Q4 AND STRONG 2016

announcement no. 10

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| Q4 EBITDA UP BY |
| |
|23% TO DKK 513M |
| 2016 EBITDA UP BY 27% TO |
| |
|DKK 2.6BN |
| INCREASED DISTRIBUTION |
| |
|TO SHAREHOLDERS |
----------------------------
Q4 2016

· Continued growth in freight volumes

· 6% revenue growth, adjusted

· Profit before special items and tax increased 50% to DKK 268m

· ROIC increased to 17.8%

OUTLOOK 2017

· Revenue growth of 4%, adjusted

· EBITDA outlook of DKK 2.6-2.8bn

· Investments of DKK 0.9bn plus expected payment of
DKK 0.8bn for two Channel-ferries

"We have raised our earnings level considerably during 2016. Nontheless, our
pursuit of improvement will continue. We are especially excited about
exploring digital opportunities to improve customer satisfaction and
operational efficiency," says Niels Smedegaard, CEO.

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| Key figures |
| |
| DKK m Q4 Q4 FY FY |
| Before special items 2016 2015 Chg. 2016 2015 Chg. |
| % % |
| |
| Revenue 3,351 3,324 0.8% 13,790 13,473 2.4% |
| EBITDA 513 418 22.6% 2,588 2,041 26.8% |
| EBIT 271 201 34.8% 1,644 1,199 37.0% |
| Profit before tax 268 178 50.2% 1,600 1,079 48.4% |
--------------------------------------------------------------------
Revenue increased by 6% in Q4 adjusted for currency changes and excluding
revenue from bunker surcharges. Reported revenue was up by 1% to DKK 3.4bn.

EBITDA before special items increased in Q4 by 23% to DKK 513m following
higher earnings in primarily the Shipping Division.

Revenue increased for the full-year by 8% adjusted for currency changes and
excluding revenue from bunker surcharges. Reported revenue was up by 2% to
DKK 13.8bn.

EBITDA before special items increased for the full-year by 27% to DKK 2,588m
following higher earnings in primarily the Shipping Division.

The Shipping Division's route network carried 17% higher freight volumes and
6% more passengers in Q4. The full-year growth rates were 21% and 12%
respectively.

Increased distribution to shareholders

DFDS' Board of Directors has decided to increase the distribution to
shareholders in light of the higher level of earnings and alignment of the
financial leverage to the policy on capital structure and distribution.

The proposed dividend is increased by 33% to DKK 8.00 per share and two share
buybacks totalling DKK 800m are launched for completion on 21 February and 15
August respectively. See page 6 and separate announcement for details.

Outlook 2017

The Group's revenue growth is expected to be around 4%, excluding revenue from
bunker surcharges.

The Group's EBITDA before special items is expected to be within a range of
DKK 2,600-2,800m (2016: DKK 2,588m).

Read the Interim Report Q4 2016:

https://www.dfds.com/Downloadables/DFDS_Interim_Report_Q4_2016.pdf

Read more about Q4 here:http://bit.ly/2lhMmIs

Contact
Niels Smedegaard, CEO, +45 33 42 34 00

Torben Carlsen, CFO, +45 33 42 32 01

Søren Brøndholt Nielsen, IR, +45 33 42 33 59

Gert Jakobsen, Communications, +45 33 42 32 97

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

DFDS Interim Report Q4 2016
http://hugin.info/2070/R/2076276/780830.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DFDS A/S via Globenewswire

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